News

TROY, Mich. - The folks at the accounting firm Doeren Mayhew serve more than 150 credit unions throughout the United States, and they've learned when internal fraud is uncovered the credit union response usually zeroes in on keeping it quiet. Is it a question of, as the British quip, not...

COLUMBIA, S.C. - First phishing. Now pharming. While phishing depends on luring unsuspecting users one-by-one to fake online banking or other e-commerce sites where the fraudster hopes they'll enter their real ID and passwords, pharming aims to harvest victims en masse by invisibly directing them there. The first stirrings of...

GRAPEVINE, Texas - Although the banking industry is stepping up "anti-credit union" efforts, with three of the leading bankers' associations joining forces to tackle credit union legislative and regulatory issues, Washington lawmakers aren't being swayed, CUNA President Dan Mica told attendees at the opening session of Texas Credit Union League's...

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USA FCU found out its credit card portfolio is more valuable than it knew. Read about that and other credit/debit/ATM news in the special report on pages 22-26.

Credit union-to-bank conversions have credit union leaders scrambling to find ways to prevent them, while advocates say CUs deserve charter choices. Read all about it on page 10.